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the flotation cost was $ 1 9 . 5 3 per bond. Pepsi's corporate tax rate is 2 1 % . a . Ignoring flotation

the flotation cost was $

19.53

per bond. Pepsi's corporate tax rate is

21 % .

.

Ignoring flotation costs, what is Pepsi's before

-

tax and after

-

tax costs of debt?

.

Considering flotation costs, what is Pepsi's before

-

tax and after

-

tax costs of debt?

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